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Leases (Notes)

12 Months Ended

Sep. 30, 2023

Leases [Abstract]

Lessee, Finance Leases

9.  LEASES

We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. The lease term generally ranges from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants.

Current operating lease liabilities were $19,496 and $17,319, respectively, as of September 30, 2023 and 2022, and current finance lease liabilities were $4,301 and $2,928, respectively, as of September 30, 2023 and 2022. Current operating and finance lease liabilities were included in "Accounts payable and accrued expenses" in the Consolidated Balance Sheets as of September 30, 2023 and 2022. Non-current finance lease liabilities and finance lease right-of-use assets were included in the "Other non-current liabilities" and "Other non-current assets", respectively, in the Consolidated Balance Sheets.

The maturities of our lease liabilities as of September 30, 2023, are as follows:

			Operating Leases						Finance Leases						Total
2024			$	20,020					$	4,436					$	24,456
2025			16,239						4,204						20,443
2026			12,662						3,338						16,000
2027			9,362						1,598						10,960
2028			5,043						155						5,198
Thereafter			6,236						—						6,236
Total undiscounted lease payments			$	69,562					$	13,731					$	83,293
Less: imputed interest			7,968						1,332						9,300
Present value of lease liabilities			$	61,594					$	12,399					$	73,993

The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of September 30, 2023, is $9,616.

Lease cost recognized in our Consolidated Statements of Comprehensive Income is summarized as follows:

			Year Ended September 30,
			2023						2022						2021
Operating lease cost			$	18,501					$	16,000					$	13,405
Finance lease cost
Amortization of lease assets			3,603						1,729						634
Interest on lease liabilities			746						269						119
Finance lease cost			4,349						1,998						753
Short-term lease cost			1,883						2,426						1,575
Variable lease cost			2,805						1,900						1,286
Total lease cost			$	27,538					$	22,324					$	17,019

Other information about lease amounts recognized in our Consolidated Financial Statements is summarized as follows:

			Year Ended September 30,
			2023						2022						2021
Operating cash flows used for operating leases			$	22,022					$	20,799					$	15,011
Operating cash flows used for finance leases			746						269						119
Right-of-use assets obtained in exchange for new operating lease liabilities			27,491						31,422						24,606
Right-of-use assets obtained in exchange for new finance lease liabilities			5,973						7,950						2,962

			Year Ended September 30,
			2023						2022
Weighted-average remaining lease term - operating leases			4.5 years						4.8 years
Weighted-average remaining lease term - finance leases			3.4 years						3.9 years
Weighted-average discount rate - operating leases			5.1		%				4.0		%
Weighted-average discount rate - finance leases			6.0		%				4.7		%

For a discussion of leases with certain related parties which are included above, see Note 13, “Related-Party Transactions.”

Rent expense was $20,384, $18,426 and $14,980 for the years ended September 30, 2023, 2022 and 2021, respectively.

Lessee, Operating Leases

9.  LEASES

We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. The lease term generally ranges from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants.

Current operating lease liabilities were $19,496 and $17,319, respectively, as of September 30, 2023 and 2022, and current finance lease liabilities were $4,301 and $2,928, respectively, as of September 30, 2023 and 2022. Current operating and finance lease liabilities were included in "Accounts payable and accrued expenses" in the Consolidated Balance Sheets as of September 30, 2023 and 2022. Non-current finance lease liabilities and finance lease right-of-use assets were included in the "Other non-current liabilities" and "Other non-current assets", respectively, in the Consolidated Balance Sheets.

The maturities of our lease liabilities as of September 30, 2023, are as follows:

			Operating Leases						Finance Leases						Total
2024			$	20,020					$	4,436					$	24,456
2025			16,239						4,204						20,443
2026			12,662						3,338						16,000
2027			9,362						1,598						10,960
2028			5,043						155						5,198
Thereafter			6,236						—						6,236
Total undiscounted lease payments			$	69,562					$	13,731					$	83,293
Less: imputed interest			7,968						1,332						9,300
Present value of lease liabilities			$	61,594					$	12,399					$	73,993

The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of September 30, 2023, is $9,616.

Lease cost recognized in our Consolidated Statements of Comprehensive Income is summarized as follows:

			Year Ended September 30,
			2023						2022						2021
Operating lease cost			$	18,501					$	16,000					$	13,405
Finance lease cost
Amortization of lease assets			3,603						1,729						634
Interest on lease liabilities			746						269						119
Finance lease cost			4,349						1,998						753
Short-term lease cost			1,883						2,426						1,575
Variable lease cost			2,805						1,900						1,286
Total lease cost			$	27,538					$	22,324					$	17,019

Other information about lease amounts recognized in our Consolidated Financial Statements is summarized as follows:

			Year Ended September 30,
			2023						2022						2021
Operating cash flows used for operating leases			$	22,022					$	20,799					$	15,011
Operating cash flows used for finance leases			746						269						119
Right-of-use assets obtained in exchange for new operating lease liabilities			27,491						31,422						24,606
Right-of-use assets obtained in exchange for new finance lease liabilities			5,973						7,950						2,962

			Year Ended September 30,
			2023						2022
Weighted-average remaining lease term - operating leases			4.5 years						4.8 years
Weighted-average remaining lease term - finance leases			3.4 years						3.9 years
Weighted-average discount rate - operating leases			5.1		%				4.0		%
Weighted-average discount rate - finance leases			6.0		%				4.7		%

For a discussion of leases with certain related parties which are included above, see Note 13, “Related-Party Transactions.”

Rent expense was $20,384, $18,426 and $14,980 for the years ended September 30, 2023, 2022 and 2021, respectively.

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- Definition

The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

+ References

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-Topic 842
-SubTopic 20
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The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

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-URI https://asc.fasb.org//842-20/tableOfContent

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